Yarn Syndicate Limited held its 80th Annual General Meeting (AGM) on Monday, August 24, 2026. The meeting was conducted through Video Conferencing (VC) / Other Audio Video Means (OAVM) and commenced at 3:11 PM, concluding at 3:32 PM, with a total duration of 21 minutes.

Mr. Tarachandbhai Agrawal, the Chairperson of the Company, was unable to deliver the speech. Consequently, the Board of Directors appointed Mr. Ravi Niranjan Pandya, Managing Director, as the Chairperson of the Meeting. The Chairperson confirmed the presence of requisite quorum and called the meeting to order.

The Chairperson delivered a speech and made an oral presentation about the company's performance. Following this, e-voting was declared open for the resolutions mentioned in the notice convening the 80th AGM.

Resolutions Considered

Ordinary Business:

  • To receive, consider and adopt: The Audited Standalone Financial Statement of the Company for the financial year ended on 31st March, 2026 together with Statement of Profit and Loss along with notes and Cash Flow Statement, and the Reports of the Board of Directors and the Auditors thereon. (Ordinary Resolution)
  • To receive, consider and adopt: The Audited Consolidated Financial Statement of the Company for the financial year ended on 31st March, 2026 and Statement of Profit and Loss Account along with notes and Cash Flow Statement. (Ordinary Resolution)
  • To appoint Mr. Mithleshkumar Agrawal (DIN: 03468643), who retires by rotation and being eligible, offers himself for re-appointment. (Ordinary Resolution)

Special Business:

  • Regularization of Appointment of Mr. Burhanuddin Hakimuddin Lokhandwala (DIN: 11705597) as a Non-Executive & Independent Director of the Company. (Special Resolution)
  • Appointment of M/s. Jitendra Parmar & Associates, Practicing Company Secretaries, Ahmedabad (FRN: S2023GJ903900) as the Secretarial Auditor of the Company for a Period of Five (5) Years. (Ordinary Resolution)
  • To approve material related party transactions with M/s. Stitched Textile Limited. (Ordinary Resolution)
  • To approve material related party transactions with M/s. Brand Cluster LLP. (Ordinary Resolution)
  • To approve material related party transactions with M/s. Vax Enterprise Private Limited. (Ordinary Resolution)
  • To approve material related party transactions with M/s. Varvee Global Limited. (Ordinary Resolution)

Meeting Proceedings

Members who had not voted earlier were allowed to vote through the NSDL e-voting portal for 30 minutes post the conclusion of the AGM. The Chairperson informed that the consolidated results of the E-voting and remote e-Voting would be announced within 2 working days and intimated to the Stock Exchanges.

During the meeting, the Chairperson addressed queries received from members through email and provided appropriate clarifications and responses.

The meeting was declared closed at 3:32 PM after the Chairperson thanked the members for their presence.